Western Asset Municipal Partners Fund Inc

Find Ratings Reports
MNP : NYSE : Financial
$15.44 -0.03 | -0.19%
Today's Range: 15.3801 - 15.47
Avg. Daily Volume: 34500.0
02/27/17 - 3:55 PM ET
  • Last Ratings Update:01/31/2017
  • Price as of 01/31/2017 :$15.06
  • Net Assets:$167.12 Million
  • NAV:$16.04
  • Premium-6.11%
  • Peer Rank:64 of 105
  • Investment Rating:C
  • Performance:C-
  • RiskB
MNP Price Chart


We rate Western Asset Municipal Partners at C. Positive factors that influence this rating include a well above average total return and low price volatility. The fund invests approximately 99% of its assets in bonds and may be considered for investors seeking a Municipal - National strategy.


Total return ranks very high in comparison with peers over the last three years. The Western Asset Municipal Partners has returned an annual rate of 5.86% since inception. More recently, the fund has generated a total return of 4.02% in the last five years, 7.70% in the last three years, and -2.94% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 52% of them. It has also outpaced 84% of its competitors on a three year basis and 8% of them over the last year for the period ending 1/31/2017. On a year to date basis, MNP has returned 1.60%.

Downside risk has been below average. MNP has a draw down risk of -16.62%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 10.1%. This fund has had a low level of volatility in its monthly performance over the last 36 months. As of 1/31/2017, the fund was trading at a price of $15.06, which is 0.3% below its 52-week high of $15.11 and 1.8% above its 52-week low of $14.80.

High expense ratio hinders performance. On total assets of $167.12 million, MNP maintains a high expense ratio compared to its Municipal - National peers of 1.56% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As MNP is a closed end fund, it has no front end or back end load.

Latest Stock Upgrades/Downgrades